$NFTPARIS is an ERC20 token issued on the Ethereum blockchain and bridged to Polygon. Launched with P00LS, the NFT Paris token serves as the official Web3 loyalty token for NFT Paris, to help identify their most engaged fans, as well as grow, manage, and reward NFT Paris’ community.
P00LS offers Creators innovative tools that enable them to identify their most loyal community members, interact with them directly, and reward them according to their level of engagement to incentivize impactful participation.
The initial step involves free-minting an NFT Paris ID (Soul-bound NFT) and a wallet analysis. We have developed an on-chain tool that will assess specific actions through your wallet, and you will be awarded badges if you meet the criteria. These badges are categorized into two groups: level badges and confirmation badges.
Below is the complete list of badges, the actions required to earn them, and how your $NFTPARIS Allocation is calculated based on them:
Depending on the result for each badges, you will receive a badge from level 0 to level 3 (see more details later)
Allocation formula
This is how the allocation of your $NFTPARIS tokens will be determined in relation to the Level badges. It will be calculated based on two factors: the duration of your holding period and the quantity of NFTs in your possession.
Holding time
0 - 6 months → Level 1
6 months - 1 year → Level 2
1 year - 1,5 year → Level 3
+2 years → Level 4
(this takes into account NFTs held in the past)
Number of tokens
1 token → Level 1
2 tokens → Level 2
3 tokens → Level 3
4+ tokens → Level 4
(This only takes into account the number at the moment of the analysis.)
The formula is the following:
Level 0: 500 $NFTPARIS
Level 1: 1,000 $NFTPARIS
Level 2: 1,500 $NFTPARIS
Level 3+: 2,000 $NFTPARIS
Example
Let's say we want to determine the number of $NFTPARIS tokens you'll receive for the "Player" Badge. You have multiple NFTs from three distinct Web3 Gaming collections:
Collection A → (1 Token - Holding time: 6 months) ⇒ (Lvl 1 + Lvl 1 ) / 2 = LVL 1
Collection B → (2 Tokens - Holding time 6 months) ⇒ ( Lvl 2 + Lvl 1 ) / 2 = LVL 2*
Collection C → (3 Token - Holding time 2 years) ⇒ ( Lvl 3 + Lvl 4 ) / 2 = LVL 4
*Note that in the case of a non-integer result (ex: Collection B), the higher integer will be chosen.
These badges are determined by a straightforward confirmation of whether you have validated the condition or not.
Allocation Formula
This is how your allocation of $NFTPARIS tokens will be calculated in relation to Confirmation Badges.
The formula remains consistent for most of these badges, with a few exceptions where bonus allocations are provided.
The formula is as follows:
1 badge = 500$NFTPARIS + special bonus
Each Confirmation Badge is assigned a fixed point value depending on whether the condition is met (1 for met, 0 for not met).
If a badge comes with special points, these points are added to the overall total.
Here is the list of badges eligible for a special bonus:
To determine a comprehensive points system for each collector, we consider both the Level Badges and the Confirmation Badges.
Below is the final formula for calculating the total allocation of $NFTPARIS tokens.
$NFTPARIS Token allocation = Sum of Level Badge $NFTPARIS + Sum of Confirmation Badge $NFTPARIS.
Example
As a result of the analysis, I have
My total $NFTPARIS Allocation is: 10,500 $NFTPARIS
To give a clearer vision of the token distribution per badges, here are graphs to sum-up:
(Note that these two graphs don’t give exact values, they give an idea of the distribution process per Collection/Holding time)
Once you’ve completed your wallet analysis and participated in our airdrop, we offer you a chance to earn rewards every week by actively engaging with NFT Paris’ ecosystem through quests. These quests encompass various activities, ranging from Twitter interactions to on-chain actions, all designed to recognize and reward our dedicated community members. Detailed information about these quests will be provided at a later time.
NFT Paris ID Free Mint & Wallet Analysis
By Free-minting an NFT Paris ID and taking part on the wallet analysis explained above, you automatically register for the $NFTPARIS airdrop.
Referrals
By referring somebody to join NFT Paris’ loyalty program, users will gain a boost on their $NFTPARIS token allocations for the airdrop.
Giveaways
In line with the communication strategy, we will set-up "PREMINT" pages that will be shared both on the NFT Paris Twitter account and through our media partners. These pages will allow the community to pre-register for the airdrop and enhance their token allocations of $NFTPARIS tokens.
Ticketing Rewards
Another great opportunity to accumulate $NFTPARIS tokens is through our ticketing system. When you purchase a ticket for NFT Paris 2024, you’ll receive $NFTPARIS tokens as a reward. The earlier you secure your ticket, the greater the number of $NFTPARIS tokens you’ll earn from this process.
To give a clearer explanation of that part, here’s a graph:
(Note that this graph doesn’t give exact values, it gives an idea of the distribution process)
In line with our collaboration with P00LS to establish the $NFTPARIS token, the P00LS team will retain 10%, while the remaining 90% will be entirely allocated for distribution within the community.
$NFTPARIS officially launches Fall 2023. On this date, fans will begin earning tokens through the rewarding mechanisms employed by NFT Paris.
The Creator tokens are designed as limited transferable tokens with no fluctuating financial value. The Creator tokens cannot be bought and sold on the open market. Instead, Creator tokens hold inherent value by providing access to specific features within the Creator's ecosystem.
Creator tokens can only be earned for free, held in a wallet, and utilized with approved platforms or transferred to and from wallet addresses authorized by the Creator. The Creator can modify the allowlist upon notification to P00LS.
